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Old 09-19-2011, 10:39 PM
 
Location: Florida Gulf Coast
4,372 posts, read 5,881,192 times
Reputation: 6993

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I guess I'm of the opinion that the only thing that will move a house when it's not moving is to drop the price to a point where the market will find it a good value, all things considered. The house I bought last year had just been dropped 10% and I got another $9K off in closing costs. Unfortunately, it looks like prices have dropped another 5% since then.
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Old 09-20-2011, 05:24 AM
 
94 posts, read 142,269 times
Reputation: 38
We have a house in Baltimore that we have had on the market just 60 days, but we have only had 2 people look at it. Newspaper says my area is below the 1998 rate of selling homes- but the good thing the average price is higher. Keeping our fingers crossed, I was really hoping to have a contract by now. I cannot wait to start building our house in Port Charlotte...

Good Luck Blakesq in selling!!!
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Old 09-20-2011, 06:47 AM
 
150 posts, read 247,331 times
Reputation: 81
In the 13 months we were on the market, we dropped a total of 90k. The market is very slow. Money can be made back, but time cannot.
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Old 09-20-2011, 10:08 AM
 
Location: Punta Gorda
36 posts, read 58,019 times
Reputation: 19
It took us 23 months to finally sell. We also dropped our price about 90K- we had a country property with acreage in WI.
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Old 09-20-2011, 07:15 PM
 
440 posts, read 901,351 times
Reputation: 220
We're figuring about a yr to sell but the fantasy is, it will sell this weekend. As long as I don't have to see another NJ winter by snowbirding I can handle the disappointment, financial stress and the wait. So what if we have to eat dog food until the house sells (LOL)
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Old 09-21-2011, 04:36 PM
 
39 posts, read 70,169 times
Reputation: 21
Have ours for sale here in mid Missouri. Slow market. Hoping to sell so we can get down to Sarasota.
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Old 09-23-2011, 08:28 AM
 
24 posts, read 15,858 times
Reputation: 17
One of the many agents that follow this board can answer best but I will give you my two cents worth.

If you want to get rid of a home FAST........In most instances a good agent can price a house properly based on comps. Most houses if priced right go for about 7% off the asking price. A lot of agents have a hard time listening to their agent on prices and staging a house. Some times stripping outdated wall paper and painting helps. Sometimes cleaning and or replacing carpet helps. Declutter the house. Spending $5,000 getting a house ready may get you another $25,000

Then if people are looking but there are no offers the price needs to come down at regular intervals. That is hard for sellers to hear. Once in a while if there is absolutely no activity in the market place at all, that can be a fly in the ointment.

Remember hopefully you will buy at a depressed price where you are going to.

You have to get the best agent possible in these times. Pick an agent based on your "pocket" not your heart. Part time and/or inexperienced agents will really hurt you now more than ever.
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Old 09-23-2011, 09:45 AM
 
683 posts, read 211,752 times
Reputation: 512
jjoeydog...keep us informed on how it goes in NJ. We'll be selling ours in about a year or two....
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Old 09-23-2011, 10:18 AM
 
Location: englewood
1,580 posts, read 2,688,658 times
Reputation: 759
sold ours in nj about almost 2 years ago now. there are houses that were on the market then that are still on the market. we have watched the prices come down and all the houses that are still for sale have always been 10 to 20 thousand more than what they should have been priced at. meanwhile they have chased after a dropping market. if they had just dropped the price they would have sold and been way ahead. hate to say the economy is going to get worse before it gets better. if you really want out drop the price. its tough enough to find qualified buyers with a mortgage now. sell low up there, buy low down here. its all relative. cant sell high and buy low in todays market.

another option is to wait until after 2012
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Old 09-23-2011, 10:52 AM
 
1,579 posts, read 2,781,994 times
Reputation: 742
We sold our house up North in less than two months. We told our realtor to price it to SELL. After the first month with only 2 people looking and no offers we dropped the price even more. We were on our way here to Fl and had multiple offers before we pulled into our home. We also offered a Home Warranty and we helped with closing costs. Houses that were on the market long before ours are STILL on the market, the owners refuse to budge on their price so they sit.
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